The accounting concept/principle being applied when an adjustment is made is usually:
A)matching revenue and expense.
B)consistency.
C)original cost.
D)materiality.

Name: The accounting concept/principle being applied when an adjustment is made is usually: A)matching revenue and expense. B)consistency. C)original cost. D)materiality.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

Adjustments are made to ensure that revenues and expenses are recorded in the period they occur, which aligns with the matching principle.

The Accounting Concept/principle Being Applied When an Adjustment Is Made